Economic Buzz: Japan Services PMI Stays In Contraction In April

Economic Buzz: Japan Services PMI Stays In Contraction In April

May 07, 2021 10:05 IST capital market

Japan services sector continued to contract in April, with a services PMI score of 49.5, the latest survey from Jibun Bank revealed on Friday. Thats up from 48.3 in March, although it remains slightly below the boom-or-bust line of 50 that separates expansion from contraction. This marked the slowest contraction in activity in the current 15-month period of decline. The latest reduction was only modest overall, as firms faced softer restrictions in the first half of April.

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